During the Weekly Watchlist we review the best stocks for options trading. We go over key levels of support and resistance and create an actionable game plan for the week ahead.
WEDNESDAYS ANALYSIS: https://youtu.be/SXLplM3felo
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The market is still trying to digest the massive gap up in the SPY. For now we need to treat it as a larger 3 day balance, and look for a rotation to the top end of the balance or the bottom end. Right now we are trading around the 50% mark.
The rotation of relative strength continues in the market as we see the QQQ not even breaking trend line on true strength. The IWM is the strongest looking of them all with a clean break of all major resistances and most importantly a HOLD of the gap.
In our quick fire analysis round we also cover the following stock tickers: PLTR, NIO, AMD, SPCE, PLUG, JNUG, BA, GS, HD, FSR.
0:00 – Intro
0:41 – Broad Market
9:00 – Core Companies
18:05 – Bonus Companies
If you're a day trader looking to make fast money online, you certainly need to keep these areas of support and resistance in mind, as well as any technical patterns, before the opening bell on Monday morning.
Going into the day with a plan is important and will give your options trading the edge you need to be a successful retail day trader. This stock analysis gives you that edge.
Instead of looking at stock market news and googling 'stocks to trade today' or best options to buy today, every Monday morning, technical analysis makes my job a lot easier. A quick glance at the stock chart can tell me where to expect buying and selling battles.
$SPY $QQQ $IWM $AAPL $NFLX $TSLA $BABA $FB $NVDA $ROKU $MSFT $AMD $AMZN — These are the stocks that are always on our stock options watchlist. Some people call them hot stock picks but we like to call them our ATM.
DISCLAIMER: The information provided in this video is for informational purposes only. It should not be considered financial or legal advice. I am not a Registered Investment Advisor. Buying and selling financial instruments is highly speculative and carries risk.